Darden (DRI) Director Juliana Chugg Receives 936 RSU Award

What Happened

• Juliana L. Chugg, a director of Darden Restaurants, Inc. (DRI), received a grant of 936 restricted stock units (RSUs) on 2026-09-23. The reported acquisition price is $0.00 (an award/grant, SEC transaction code A). These RSUs are derivative awards that convert into common shares on a one-for-one basis when vested.

Key Details

• Transaction date: 2026-09-23; Filed with SEC: 2026-09-25 (timely filing).
• Grant: 936 RSUs; reported acquisition price: $0.00.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU converts into one share of common stock on a one-for-one basis.
  • F2: RSUs vest on the earlier of (a) one year from the grant date or (b) the date of the next annual meeting of shareholders.
• Transaction type: Award/Grant of derivative securities (not a cash purchase or sale).

Context

• RSU grants are a common form of director/executive compensation and do not involve an immediate cash outlay or open-market purchase; they become actual shares only upon vesting/conversion. This award by itself is a routine compensation disclosure and does not necessarily indicate insider buying or selling intent.